Fulton Financial (NASDAQ: FULT) SEVP exercises RSUs and receives 5,786-unit award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fulton Financial Corporation SEVP John J. Glover reported compensation-related share movements involving common stock and restricted stock units. On May 1, 2026, he exercised 4,033.3936 restricted stock units into an equal number of common shares, and 1,369.3936 shares were withheld to cover his tax liability. Following these transactions, he directly owned 5,456.7755 common shares. He also received a new grant of 5,786.0000 restricted stock units, increasing his restricted stock unit balance to 17,137.0593 units, each representing a contingent right to one share of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,033.394 shares exercised/converted
Mixed
4 txns
Insider
Glover John J
Role
SEVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,786 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,033.394 | $0.00 | -- |
| Exercise | $2.50 par value Common Stock | 4,033.394 | $0.00 | -- |
| Tax Withholding | $2.50 par value Common Stock | 1,369.394 | $21.62 | $30K |
Holdings After Transaction:
Restricted Stock Units — 17,137.059 shares (Direct, null);
$2.50 par value Common Stock — 5,456.776 shares (Direct, null)
Footnotes (1)
- Includes 13.19083 shares acquired on January 16, 2026 and 12.298567 shares acquired on April 16, 2026 pursuant to dividend reinvestment. Represents shares withheld to cover the reporting person's tax liability. Each restricted stock unit represents a contingent right to receive one share of Fulton Financial Corporation common stock. Restricted stock unit award granted May 1, 2026, under the Fulton Financial Corporation 2022 Amended and Restated Equity and Cash Incentive Compensation Plan. Reflects the earning and vesting of certain restricted stock units ("RSUs"), including the accrued dividend equivalents, as of May 1, 2026. The RSUs were granted on May 1, 2023.
Key Figures
RSUs exercised: 4,033.3936 shares
Shares withheld for taxes: 1,369.3936 shares
Post-transaction common shares: 5,456.7755 shares
+3 more
6 metrics
RSUs exercised
4,033.3936 shares
Restricted stock units converted to common stock on May 1, 2026
Shares withheld for taxes
1,369.3936 shares
Common shares withheld to cover tax liability on May 1, 2026
Post-transaction common shares
5,456.7755 shares
Directly owned Fulton Financial common stock after transactions
New RSU grant
5,786.0000 units
Restricted stock unit award granted May 1, 2026
RSU balance after grant
17,137.0593 units
Total restricted stock units held after May 1, 2026 transactions
Implied share value reference
$21.6200 per share
Price used for tax-withholding disposition on May 1, 2026
Key Terms
Restricted Stock Units, dividend reinvestment, tax liability, equity and cash incentive compensation plan
4 terms
Restricted Stock Units financial
"Reflects the earning and vesting of certain restricted stock units ("RSUs"), including the accrued dividend equivalents, as of May 1, 2026."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend reinvestment financial
"Includes 13.19083 shares acquired on January 16, 2026 and 12.298567 shares acquired on April 16, 2026 pursuant to dividend reinvestment."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
tax liability financial
"Represents shares withheld to cover the reporting person's tax liability."
equity and cash incentive compensation plan financial
"Restricted stock unit award granted May 1, 2026, under the Fulton Financial Corporation 2022 Amended and Restated Equity and Cash Incentive Compensation Plan."
FAQ
What insider transactions did FULT SEVP John J. Glover report?
He reported exercising 4,033.3936 restricted stock units into common shares and a tax-related disposition of 1,369.3936 shares, along with receiving a new grant of 5,786.0000 restricted stock units under Fulton Financial Corporation’s equity and cash incentive compensation plan.
Did John J. Glover of FULT make any open-market stock purchases or sales?
The reported transactions reflect an option-like exercise of restricted stock units and shares withheld for tax obligations. There is no indication of open-market purchases or sales; activity is tied to equity compensation vesting and a new restricted stock unit award grant on May 1, 2026.
What was the size of the new restricted stock unit grant to FULT’s SEVP?
On May 1, 2026, John J. Glover received a grant of 5,786.0000 restricted stock units. These units were issued under Fulton Financial Corporation’s 2022 Amended and Restated Equity and Cash Incentive Compensation Plan as part of his equity-based compensation package.